How to Fine-Tune Your SMB and Overcome Challenges

Collaborate with the Company Accountant

Do gain more value from the organization’s accountant by collaborating together online. These days, accountants can do a lot more than simply balance the books, so companies should be looking to gain more value from the services they offer. Start with an accountant who offers specific knowledge of the business and sector. That way, the business owner will know they can really understand the organization’s goals – then offer tailored advice to help achieve them. They can even help by creating a sound business plan and making sure it’s followed. Giving the organization’s accountant secure online access to all necessary data will help them and the organization in unimaginable ways.

Regardless of the time of year, it's important for business owners to keep an eye on their production operations and ensure the different components of the business are running smoothly and issue-free. Losing sight of the ins and outs of these operations can put a business in danger of damaging its reputation, which can be very difficult to repair. For example, a late order due to out-of-date inventory can easily result in an angry customer. It doesn’t take long for word to get around, which can cause a good reputation to disappear in the time it takes to read a bad review. Meeting business commitments every day and every time is critical to an organization’s continued success.

Unfortunately, several bottlenecks can affect a company’s reputation, and they are different for every organization. For example, a manufacturer could hit a business pot hole due to budget overrun, quality concerns and capacity overload. A wholesaler might face problems with low inventory or late/missed payments. A professional services agency could experience a server outage and lose track of its employees’ billable time entries. The key to overcoming these challenges, keeping the business on track and maintaining a strong reputation with customers lies with having greater insight into the business. In this slideshow, Kae Williams, general manager of Exact, has identified five tips that can keep a business running in tip-top shape all year long.

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